Maasra Coorparoo - 220 Old Cleveland Road, Coorparoo

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Brisbane developer Karam Group has announced it will match the state’s first home owners’ grant with an additional $15,000 for first home buyers who purchase an eligible apartment at their Coorparoo project, Maasra Apartments.

The $15,000 Developer Grant will see eligible first home buyers receive up to $45,000 towards their new home, with the development also qualifying for the Federal Government’s $15,000 HomeBuilder grant.

Hindmarsh Construction Australia has started work on a $102 million mixed use development in Coorparoo, qualifying the project for the federal government’s HomeBuilder grant.

Karam Group director Anthony Karam said he was pleased to announce the additional grant to help first home buyers get their foot in the door of a brand-new apartment.

“This is a terrific opportunity for first-time buyers to get into the market, as saving this kind of money takes most people years,” he said.

<a href="https://www.urban.com.au/new-apartments/maasra-coorparoo-220-old-cleveland-road-coorparoo"><img alt="" height="1251" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/maasra_apartments_exterior.jpg" width="2000"></a>

Designed by HAL Architects, Maasra offers residents access to a podium recreational space with multiple resort-style entertainment areas at an entry-price of $399,000.

Amenities include a 25-metre pool with timber decking, sun beds, beautifully landscaped surrounds, a residents’ lounge, a gym, and retail space on the ground floor.

“Maasra Apartments in Coorparoo is perfectly positioned for eligible first home buyers wanting to purchase a quality apartment in a prime city location,” TOTAL Property Group managing director Adrian Parsons said.

The apartment’s inner-city fringe location of Coorparoo appeals to young professionals seeking to buy an apartment in an area with transport infrastructure and lifestyle offerings on its doorstep.

Parsons claimed the area was one of Brisbane’s most vibrant lifestyle hubs.

<h2>Other residential developments near Coorparoo on the market right now</h2>

“The Brisbane property market is currently in its prime,” Parsons said.

With the advantage of flexible working arrangements and Queensland’s desirable climate, affordability and lifestyle, Brisbane is a very attractive place to live.

1. <a href="https://www.urban.com.au/new-apartments/cello-5-9-flora-street-greenslopes">Cello</a>, Greenslopes 
Address: 5-9 Flora Street, Greenslopes QLD 4120 
One-bedroom apartments from $349,000

<a href="https://www.urban.com.au/new-apartments/cello-5-9-flora-street-greenslopes"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cello-5-9-flora-street-greenslopes-54dd93d50b90d44ea82f4d1caa728b79.jpg" width="1200"></a>

CS Development Group’s Cello Apartments is the latest addition to Brisbane’s suburb of Greenslopes. Offering residences in one, two and three-bedroom configurations, this development is the ideal home for buyers searching for properties with exceptional on-site amenities.

These amenities include a swimming pool, gym, on-site library, rooftop observation deck and multi-purpose space. 
 

2. <a href="https://www.urban.com.au/new-townhouses/minnippi-quarter-193-fursden-road-carina">Minnippi Quarter</a>, Carina 
Address: 193 Fursden Road, Carina QLD 4152 
One-bedroom apartments from $415,000

<a href="https://www.urban.com.au/new-townhouses/minnippi-quarter-193-fursden-road-carina"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/minnippi-quarter-193-fursden-road-carina-73840558290361af420321e00543a97b.jpg" width="1200"></a>

Located next to the Minnippi Parklands is Frasers Property’s latest masterplanned community, Minnippi Quarter. Situated on a large, newly developed site, residents will have access to 6000 square metres of private parkland and precinct parks.

Each property in the development offers open-plan living, natural light and a full suite of resort-style amenities, including a 25-metre infinity edge lap pool and a fully equipped gym.
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Karam Group has announced it will match the Queensland Government's first home owners’ grant with an additional $15,000 for first home buyers purchasing eligible apartments

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Karam Group matches HomeBuilder grant for first home buyers at Maasra

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Buyer demand can have a significant influence over building design – so much so that developer <a href="https://www.urban.com.au/developers/karam-group">Karam Group</a> decided to embark on a complete floorplan redesign of their latest development <a href="https://www.urban.com.au/new-apartments/maasra-coorparoo-220-old-cleveland-road-coorparoo">Maasra Apartments</a>, to accommodate the strong demand for 3+ bedroom apartments.

The $101 million luxury mixed-use building has recently commenced construction and will be built to new plans designed by award-winning architecture firm HAL Architects. While there will be no adjustments to the façade, the interior floorplates have been reconsidered to accommodate 102 spacious apartments with flexible layouts. The <a href="https://www.urban.com.au/new-apartments/coorparoo-qld">Coorparoo</a> development will include a staggering 34 three-bedroom and 20 four-bedroom sky homes, as well as a floor dedicated to commercial office space.

<figure><a href="https://www.urban.com.au/new-apartments/maasra-coorparoo-220-old-cleveland-road-coorparoo" target="_blank"><img alt="" class="image-article_full_width_580px" height="290" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/twe-maasra-apartments-01-1100x550-c-center.png?itok=plJpPtBe" title="Maasra apartment living room" width="580"></a>

<figcaption>Maasra apartment living room</figcaption></figure>Karam Group Managing Director, Anthony Karam explains that the company has been fielding a vast amount of inquiries from owner-occupiers wanting “more bedrooms and larger living areas”.

<blockquote>
“The new plan changes demonstrate our commitment to creating quality living spaces that accommodate a variety of households. “There was an opportunity prior to construction to combine a number of smaller units into large house-sized apartments and we felt it was the right step for Maasra, considering market demand.”
</blockquote>

<h2>LOCATION</h2>

Price Waterhouse Coopers’ City Pulse SEQ report recently found Coorparoo to be Brisbane’s second most liveable suburb. The city fringe suburb has shown thriving sales growth over the past year, with a potential real estate boom on the horizon as more developments reach completion. Located on the corner site of St Leonards and Holdsworth Streets, the apartments will be within walking distance to supermarkets, parks and only a short drive to the city.  

Maasra Apartments Marketing Manager, Adrian Parsons believes that the window of opportunity to buy in one of Brisbane's up and coming suburbs won't last long. 

<blockquote>
“Brisbane’s city-fringe areas are in high demand from home buyers and tenants, and there is a limited availability of new apartment developments in high growth areas like Coorparoo.”
</blockquote>

Adrian Parsons, Maasra Apartments Marketing Manager and TOTAL Property Group Managing Director 

<figure><a href="https://www.urban.com.au/new-apartments/maasra-coorparoo-220-old-cleveland-road-coorparoo"><img alt="" class="image-article_full_width_580px" height="424" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/maasra_apartments_marketing_manager_adrian_parsons_and_karam_group_director_anthony_karam_4.jpg?itok=-sRn103u" title="Adrian Parsons and Anthony Karam" width="580"></a>

<figcaption>Adrian Parsons and Anthony Karam</figcaption></figure><h2>AMENITY</h2>

Maasra Apartments will feature luxury facilities including a 25-metre pool with timber decking, loungers and landscaped surrounds. A central podium will include recreation space with multiple entertainment areas. Residents will also have access to an exclusive lounge which can be booked for events.

At street level, a boutique retail offering connects the residential precinct to the Coorparoo community.

<blockquote>
“Maasra will extend Coorparoo’s village-style hub with boutique retail and dining, plus 470 sqm of parkland to create a sense of place for the whole community.”
</blockquote>

Anthony Karam, Karam Group Managing Director

Apartments are currently available from $435,000 to $1.7 million.

<figure><a href="https://www.urban.com.au/new-apartments/maasra-coorparoo-220-old-cleveland-road-coorparoo" target="_blank"><img alt="" class="image-article_full_width_580px" height="288" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/city_view.jpg?itok=iZ6TC8Ch" title="Maasra Apartments city view" width="580"></a>

<figcaption>Maasra Apartments city view</figcaption></figure>
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